Japan will allocate $3.5 billion in aid to Ukraine in 2023

The Ministry of Finance of Ukraine informed on April 13, 2023, that the Japanese Government plans to direct $3.5 billion in direct budget support to Ukraine in 2023.

Source: The Ministry of Finance of Ukraine

The Minister of Finance of Ukraine, Serhiy Marchenko, during a meeting with the Minister of Finance of Japan, emphasized that in the conditions of war, external financing plays a key role in maintaining macroeconomic stability due to a significant increase in defense spending.

“The Minister of Finance of Japan Shun’ichi Suzuki confirmed the intention of the Government of Japan to direct 3.5 billion US dollars of direct budget support to Ukraine during 2023. These funds will make it possible to finance priority, in particular, social and humanitarian expenses,” reported the Ministry of Finance of Ukraine.

The parties discussed the needs of the state budget of Ukraine for the priority areas of recovery and reconstruction of the country.

“Ukraine highly appreciates Japan’s contribution to accelerating Ukraine’s victory in the war, in particular through the systematic provision of financial and humanitarian aid and sanctions pressure on Russia. By chairing the G7 in 2023, Japan demonstrates principled leadership in supporting the Ukrainian issue on the agenda of international events, as well as in improving the coordination of financial aid for Ukraine,” the Minister of Finance of Ukraine noted.

See also: Japan will provide Ukraine with $400M to restore critical infrastructure

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